PepsiCo Reports Second Quarter 2018 Results
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Go back to PepsiCo Reports Second Quarter 2018 Results
July 11, 2018 9:19 AM EDT
Cowen raised its price target on Pepsico (NASDAQ: PEP) to $124.00 (from $120.00) while maintaining a Outperform rating following the company's 2Q earnings report. PEP reported 2Q18 EPS of $1.61, ahead of consensus, as the company posted continued strength in FLNA and a sequential improvement in... More
July 11, 2018 7:57 AM EDT
Morgan Stanley raised its price target on Pepsico (NASDAQ: PEP) to $127.00 (from $123.00) while maintaining a Overweight rating following the company's 2Q. Q2 EPS was better than expected, with +2.6% organic sales growth, ahead of the 2.2% consensus and market expectations in the +1.5-2% range,... More
July 10, 2018 6:06 AM EDT
(Updated - July 10, 2018 6:10 AM EDT)
PepsiCo (NASDAQ: PEP) reported Q2 EPS of $1.61, $0.09 better than the analyst estimate of $1.52. Revenue for the quarter came in at $16.1 billion versus the consensus estimate of $16.04 billion.
Summary of Second Quarter Financial Performance:
Reported second quarter and year-ago results were impacted by a provisional transition tax expense related to the Tax Cuts and Jobs Act (TCJ Act), a non-cash tax benefit associated with our resolution with the Internal Revenue Service (IRS) of all open matters related to the audits of our taxable years 2012 and 2013 (the 2012 and 2013...
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